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Trichet trial will not face delay - starts January

Central Banking staff

18 Dec 2002

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A French prosecutor has chosen not to seek new inquiries into the Credit Lyonnais case, averting the risk of a delayed trial for Jean-Claude Trichet that could have spoiled plans to make him European Central Bank chief next July, a lawyer said on Wednesday.

Lawyer Yves Baudelot, representing Trichet, said public prosecutor Yve Bot made his decision known to lawyers involved the Lyonnais case, where nine men face trial including Bank of France Governor Jean-Claude Trichet.